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and the fiscal cliff deal while making sure the rich pay more. jeff flock with union back protests at wal-mart stores and diana on the dirty little secret those unions are not changing wal-mart workers. first to rich and some in washington, d.c.. how unions trying to persuade democrats to avoid spending cuts? >> with a significant lobbying effort on capitol hill and a new advertising campaign targeted at democratic and republican lawmakers in pennsylvania, virginia and missouri. the basic message is don't touch entitlements in the fiscal cliff tops we're having on capitol hill. honesty and one of the union says elected officials from both parties need to listen to the will of the voters d focus on rebuilding the middle class and strengthening our economy by investing in jobs, not cuts. as for the effectiveness of this campaign one conservative says this type of pressure from unions is nothing new. >> the fact that they are publicly sayin what they have been privately saying helps the american people understand wre obama's in trend and comes from but nothing has changed. >> the issue is in
weekend. >>> and the deal to avoid the fiscal cliff, still out of reach. despite the congressional staffers working through the thanksgiving weekend. let's get athena jones in washington. athena, are they optimistic they can find common ground? >> reporter: well, they say they are, you know, with congress returning, and so far not much public evidence that there has been any real progress in the deal to avoid the fiscal cliff. folks here in washington hope there can be a turning point between republicans and democrats. after meeting with president obama before the thanksgiving holiday? >> well, i want to welcome the congressional leadership here. >> reporter: congressional leaders express optimism about reaching a deal to avoid $500 billion in increases set to take effect next year. >> we had a very constructive meeting with the president. >> we have a cornerstone to work something out. >> reporter: staffers have been working to figure something out, how to avoid taxes, and reduce spending on medicare. but it is not yet clear when the lawmakers and the president will meet next. and
and if they don't like hit the brickings. >> do you think it is for the economy over all. we are in a fiscal cliff and rough waters here and now this to deal with? >> i think it could be bad for the economy. they have the merchandise and this is not going to affect thanksgiving shopping season and christmas most likely. but look at history. 1948 we had five million workers on strike and it crippled the economy. the taft hartley act brought back the boom. that is it breaking of the unions and created the boom that eisenhower had. if these union heads go forward. this could hurt the economy. >> tracey, you made the point about the retailers, it could hurt the consumer spending as well the economy needs that right now. and economist looking to the holiday shopping season to get big numbers out. >> cheril, i am a last minute shopper and i disagree that they have everything in for the season. stuff comes in down to the wire in so many small businesses if you don't have what i am looking for when i generally get out there, i am not buying it that hurts the over all economy. and look. at the unions what
a pragmatic deal on the fiscal cliff put yourself in a hole you won't get out. >> and what's the prague matism, prime minister is claiming. >> 4-1 tax spending cuts. >> i haven't heard that. >> i think that's what he's going to come up with. >> and they go back to the clinton tax rates and it's not going to solve anything. and as if to say. >> the other part, you have to take out spending and entitlements, he didn't do it, i'll grant you that, didn't do it because he was trying to contact the base on the left and-- >> and no, no, i said to win the election. as a president he's going to govern, you watch much more centrist and if the republicans don't set the table, this'll look at whacko right wing. >> they have been at the table. >> my gut is he's going to be a centrist and they'll get a deal. >> there you have it right here. coming up, does the tea party play an effective role in this year's election. that's ahead. ♪ ♪ >> welcome back, everybody. less than three weeks since the election and it's divide not between democrats and republicans, however, between the conservatives, tea party
and positioning over the fiscal cliff negotiations. >> would you subpoena a deal that does not include tax rate increases for the wealthy? is that something that's acceptable? >> no. pete: and a candid assessment of the stakes from one of the g.o.p.'s rising stars. >> the fiscal cliff is a creation of the political branch in washington, d.c. and an example of a dysfunctional process. that threatens our economy and millions of people across our economy. pete: is stalemate in washington stifling the economic recovery? joining us this thanksgiving week, peter baker of "the new york times." molly ball of "the atlantic." and jim tankersly of "national journal." >> award winning reporting and analysis. covering history as it happens. from our nationas capital, this is "washington week with gwen ifill." produced in association with "national journal." corporate funding for "washington week" is provided by -- >> we know why we're here. to chart a greener path in the air and in our factories. to find cleaner, more efficient ways to power flight. >> and harness our technology for new energy solutions. >>
. and it looks like congress may be getting the message, too. a deal to avert the fiscal cliff is looking more likely. it is. but i've been disappointed by this congress before. millions of americans are counting on you, congress, to save their jobs and their financial futures. do it. we'll all be celebrating like scrooge on christmas morning.
obamacare needs to be part of the fiscal cliff talks. democrats say no way. where does that leave the discussion and it could be the next big threat to the financial system. we will talk about it coming. gerri: the shadow banking system, money market funds, any lender technically not obeying can't blame by many for the global financial crisis, they are bigger than ever at $60 trillion in terms of assets according to a new report from the financial stability board. i asked the editor in chief of american banker about the risks shadow banking poses to the total financial system. >> as we saw during the financial crisis they did pose a big risk to the system because these are people in the business of lending money, investing but not regulated like a lot of bas so nobody knows what they are doing and another -- gerri: blocks -- [talking over each other] gerri: no idea what is going on with these companies or if they are maintaining any standards like we would expect out of banks. banks are highly regulated entities. >> they can get in trouble as well but they do have regulators watch
the fiscal cliff deadline. if there is no deal in this political deal. >> and a live look outside. traffic rolling into the mcarthur maze, all of them come together around there. no big incidents to report right now. we he have a few crashes in marin. another one near the 880, 980 interchange. 8:41. . >>> good morning. live look there at blue skies over oakland. calm conditions, 46 degrees outside. >> people in gaza say israel is letting up it's border restrictions as part of a cease fire but it hasn't all been smooth. >> reporter: the cease fire faced it's first major test. several hundred palestine ans approached a border . after shouting warnings to the crowd israeli troops opened fire killing one, wounding more than a dozen. israel and hamas accuse each other of violating the agreement but so far both side's have shown restraint. the top hamas leader appeared in public and even he avoided the norm allan gauge that goes with most incidents. >> our information is it's not israeli aggression. some people tried to go make something. >> reporter: neither side it appears wants to return to
the uncertainty around the fiscal cliff will impact their spending and job creators are cutting back on spending and a bad deal for the economy? well, let's ask. ben stein, dagen mcdowell, charlie gasperino and gary k. want to start with you. bad deal for all of us? >> of course, look, business investment was already down last quarter over 1%, and the word uncertainty just pervades the air and its business, its consumer, how about philanthropic organizations don't no what kind of write-offs for charity and the worst the outcome is probably going to be more, and taxes are going to go up and of course there will be no spending cuts. >> and ben, it does sound ominous, even if you're not someone who reads the wall street journal, the fiscal cliff, fiscal cliff, it could be the-- i don't know intimidation factor, it could actually be worse than going over the cliff. >> i think that's a brilliant point, charles. if we went over the cliff for a few months the impact would not be enormous, and uncertainty is a bad word and fear is a really, really bad words and these are the words that govern the econom
approaching so-called fiscal cliff, which the thanksgiving holiday over, the president and top lawmakers are focusing this coming week on negotiating a deal on those expiring tax cuts and spending reductions that will automatically kick in december 31st, at midnight. so will we see more face-to-face meetings and what do both sides need to do? let's talk with angela mcglowan, and mark hammond a former aid to john kerry and nice to see you both. i predict more face-to-face meetings and i think they'll get together, kind of like holiday dinners, you see a lot of people you might not choose to see, but you have to see them, right. >> you have to see them and you might not want to see them again for another year, but, he yes, rick, they have to come to the table again and again and again until we reach a deal. if we go off the fiscal cliff, it's predicted that we will get another recession, now they're saying if we go off the fiscal cliff it only impact certain americans with taxes increasing and it will affect our country and economy. and we need face-to-face meetings and i don't think that
to the new rules about to hit our already fragile economy and as fiscal cliff talks continue, big defense cuts are still on the table. so, should republicans embrace the sequester or make a deal to avoid it? welcome to the journal, editorial report. is the obamacare a sure thing or vast expansion of medicaid, heavily dependent on state implementation and a growing number of the governors are saying they won't do the federal government's bidding. wisconsin's scott walker is one of them and joins me now, governor, great to have you with us. >> paul, good to be with you. >> paul: when you wrote to the hhs secretary kathleen sebelius, you wouldn't set up a state exchange you wouldn't have the flexibility to make it work. why don't you elaborate on what you mean by lack of flexibility. >> each of the governors who run it, a state run, partnership or referring to the federal government. any folks that have a state run exchange they need to realize in the end there is no flexibility in terms of final outcome, there is no substantive difference between the three option, all of them lead to a fede
of georgia. >> there are 38 days left till we reach the fiscal cliff. at that point, if there is no deal, there will be automatic tax increases for every american. >>> police in tallahassee, florida, are searching for a gunman who started shooting outside a walmart on black friday. this walmart. investigators believe the shooting was sparked by a disagreement over a parking space. they're now looking for a dark green toyota camry in connection with the case. two people were taken to the hospital with nonlife-threatening injuries. >>> and a target store in an error ra, colorado is expected to reopen this morning for business after another shooting incident. police say a man wearing a black ski mask pulled out a gun and fired a shot into the store's ceiling on black friday while customers were inside the store. the suspect got away before he could be arrested. the store was shut down for the rest of the day. >>> a tenuous peace in the middle east. egypt took the lead in getting the deal done. we'll take a look at how that changes the u.s. role in the region. with verizon. hurry in this sat
. lawmakers need to hammer out a deal to prevent the so called fiscal cliff. deep spending cuts and tax hikes set to take effect next year. >> i think we're all aware that we have some urgent business to do. >> reporter: after a meeting at the white house last week, congressional leaders struck a rare tone of bipartisanship. >> we had a very constructive meeting with the president. >> we feel very comfortable with each other. >> reporter: but a major sticking point remains -- taxes. president obama wants to let the bush era tax cuts expire for the wealthiest americans. many republicans still oppose that idea. aides have been trying to work out a compromise. >> none of this is pretty. it's actually ridiculous. pretty dysfunctional politics. we've set this crazy trap for ourselves and we're about to inflict a wound on our economy that really doesn't need that. >> reporter: in addition, the fragile cease fire looms large in the middle east. some analysts say this could be an opening for mr. obama to engage more actively in a middle east peace process, something he failed to do during his first t
's working because she may be facing a spike in taxes in the new year. the so called fiscal cliff. about half of the small businesses pay taxes at a 35% rate. so without a tax deal, rates could spike to 42% n addition she is postponing orders for bring merchandise. >> we've had to small a bunch of stouf make sure it's going to be okay for next season. >> did that hurt you?. >> absolutely. bigger stores able to carry out the lines you know they get them earlier than we do. we follow them out so, long. >> small business owners worried whether they'll northbound business next year. this is one of them. >> you don't want to lose it all after 30 years in business. that would be a terrible thing. there is a lot of small business owners are single. >> small business owners feeling the squeeze of deep discounting by large national chains that set up shop on main streets once domain on small business. >> everyone talking about black friday and about 50, 60% of. you can't compete. >> i cannot do that. people want to stay away from malls. they don't want any part of it. that is what saved me. >> wlak fr
holmes. you'll be back with me later this hour. we're going to talk about the fiscal cliff and how one leading republican may be ready actually to break ranks with his party to get a deal done. so we'll see them just a little bit later. >>> small businesses struggling to recover after superstorm sandy. we'll introduce you to one business owner who is trying her best to stay afloat. [ male announcer ] introducing... a new way to save on your prescriptions. it's the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a dollar through a preferred network pharmacy like walgreens -- where you'll find 8,000 convenient locations. best of all, this plan has the lowest part d premium in the united states -- only $15 a month. open enrollment ends december 7th. so call today or visit your local walgreens. ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actually like something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year
as the dead lines looms for the fiscal cliff. thank you for joining us. we appreciate it >> for years shoppers flocked stores for black friday deals. thanksgiving day. did that give retailers a much needed boost. a look ahead to cyber monday. the capital one cash rewards card gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone...but her likes 50% more cash. but i'm upping my game. do you want a candy cane? yes! do you want the puppy? yes! do you want a tricycle? yes! do you want 50 percent more cash? no! ♪ festive. [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase plus a 50% annual bonus on the cash you earn. it's the card for people who like more cash. what's in your wallet? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. but with advair, i'm breathing better. so now i can b
you. >>> to politics now and taxes. they are at the heart of the negotiations over the fiscal cliff. and now georgia senator saxby chambliss says a no tax pledge signed by most republicans is standing in the way of getting that deal done. >> times have changed significantly. and i care more about this country than i do about a 20-year-old pledge. i think we owe the debt and we've got to figure out a way to pay it. >> that pledge was written by grover norquist and his group americans for tax reform. norquist talked about this on cnn's "the situation room." >> the commitment he made to the people of georgia was not to me. it was a written commitment to the people of georgia that he would go to washington to reduce government spending and reform government, not raise taxes. if he wants to change his mind and become a tax increaser, so we don't have to reform government, he needs to have that conversation with the people of georgia. >> we've got 38 days before we go over that cliff. if there's no deal before the end of the year, taxes will go up for every american. >>> amid fears the ce
, but that doesn't mean a break in talks about the impending fiscal cliff. lobbyists are launching new tv print and radio ads. lawmakers are struggling to agree on a deficit cutting deal and now are facing added pressure from special interest groups. danielle lee has more from washington. >> reporter: congress may need to drown out the noise next week as they look more common ground to avoid $500 billion in tax increases. several unions launched an ad campaign, pressuring lawmakers to protect entitlement programs. >> for working families, it's not about cutting things we rely on most. >> reporter: advocates for the elderly, weaponsmakers, the oil and gas industry, even charity. >> congress has failed to do its job for the past ten years and they are so far continuing to fail to do their job. >> reporter: rick edleman worries the tug of war could end with no solution. a real possibility, as democrats reject spending cuts and republicans resist tax increases. >> if you're in congress, you can reduce taxes on january 2 relative to the new rates that prevail starting then. >> reporter: it's a dance
because she may face a spike in taxes in the new year. fiscal cliff. about half of all small businesses pay taxes at a 35 percent rate. but without a new tax deal the rate would spike to 42 percent. so in addition to not hiring help she is postponing orders for spring merchandise. >> we have had to pretty much stall a bunch of stuff to make sure that it is going to be okay for the next season. >>reporter: does that hurt you competitively. >> absolutely. i think the bigger stores able to carry out the spring lines they get them earlier than we do because we stall them out for so long. >>reporter: small business owners are worried whether they will even be in business next year. isabel is one of them. >> don't want to lose it after 30 years in business. be a terrell thing. we have to support ourselves. a lot of small business owners are single you necessity. maybe they don't have another helping them. >>reporter: small business owner feeling the squeeze of deep discounting by large national chains. some of the chains set up shop on the main streets of the bay area once the do
, and for the latest headlines, log on to foxnews.com. >> leave us alone, as the fiscal cliff nears a group representing more than two dozen federal employee unions telling congress not to touch their pay and benefits when it comes to any debt deal they say, quote, no other group has been asked to financially contribute the way they have. gary b, you say what? >> yeah, i don't understand that, brenda. from two perspectives, one, in life for like jobs, including the benefits and wages, government employees make out a lot better than their counterparts in the private sector, number one, discriminated against. two, the unemployment rate for government workers is about half of what the unemployment rate is for the general population, it's about 4 1/2%, brenda, they've been doing fabulously on the back of the private sector, which has suffered. so, asking them to contribute a little bit more, i think, is quite fair. >> well, steve, we have seen federal workers have a pay freeze and we have seen them contribute more to pensions to retirement plans. have they done enough already? >> well, they hav
on thanksgiving day? we're going to get some new perspective. the fiscal cliff, might a new wrinkle make it even tougher for the two parties to make a deal? it is one of the big hits of the season, the new film about abraham lincoln, and coming up, a unique take from doris kearns goodwin who wrote the book. imagine if this were your neighbor. one holiday display is drawing a lot of attention. that is in our one-minute playback. wow. good morning, everyone. welcome to "weekends with alex witt." let's get to what's happening right now out there. we have some new numbers today. as retailers begin to calculate black friday sales and whether it paid off to open on thanksgiving. all that, plus today is small business saturday, and cyber monday, of course, happens in just two days. nbc's michelle franzen is in n manhattan. >> alex, we've gotten through the first wave, the black friday, include being the early start that began on thanksgiving evening. so how did everything turn out? well, retailers say so far, so good. they saw a wave of people coming through, a rush of shoppers going through those do
the fiscal cliff but we're facing the fiscal cliff every year. we raise money shaking the tin cup doing everything we can hoping somebody sees the film and decides this is the type of program they want to support. they want to support a team of kids that are working hard. >> you wanted to become the first african-american chessmaster. without all going into it. i learned about the titles and how close are you to that role? >> right now i'm like in the 2,000. i have 100 points more to go. >> you have to get 2,200. >> i've been playing more. >> albert einstein was something like 1800 1700. >> what does it mean to you to follow these guys around for three years. >> i think i was -- i was just so happy they let me into their school and let me into their home lives and allowed me to capture the story that i think a lot of people don't expect and be able to tell like a positive uplifting story about public education at a time when there aren't many stories like that out there. i feel very lucky to be able to share that story with people. >> it's special. it's like a drama.
and the sun breakthrough. i'm not done hammering away at the fiscal cliff. it is still the most immediate threat to the country's financial well-being and i will not stop until there's a deal signed on the dotted line. but today i'm going to venture beyond that cliff and look at the possibility of an economic renaissance. one of the brightest rays of sunshine, what i've been calling the golden lining on that storm cloud is the housing market. this week we got even more encouraging news. existing home sales rose more than 2% in october after sagging earlier in the year. they are trending higher. now with sales of homes picking up, the number of homes on the market, the inventory, is falling. inventory, look at that. this is all the way back from december of 2002. this is for the last ten years. inventory is at its lowest level since december of 2002. and that low inventory is putting upward pressure on home prices. the median sales price, that is the price at which half of all homes sold for more and half sold for less. it's not an average. the median home price for existing homes, used ho
. by $1.6 trillion. that is his opening gambit. his initial bargaining position. on the fiscal cliff. he wants to do that over the next decade. and, this is the kind of math i like, it works out to $160 billion per year, in taxes. republicans howling about that. are they wrong to be upset? let's look at numbers. earlier this year, the president unveiled a 3.8 -- i love this. we talk about these numbers like there is nothing do it. $3.8 trillion budget. all right, he forecast a $1.3 trillion deficit. okay? so that means, if i can figure that out, he had $2.5 trillion to work with. $1.3 trillion in deficit. $901 billion, for next year, in deficit and our national debt is now over $16 trillion, and everybody knows that, i don't need to write that down. and, the president's big plan, he wants -- wants $1.6 trillion in new taxes. and here's how he wants to get there. first he wants to raise 8$849 billion over ten years by allowing the bush tax cuts, here they go... away. on the 31st of december, this year. they'll expire for households with incomes more than $250,000, $849 billion, includes $
to that fiscal cliff is on. so, should republicans agree to raise taxes on the wealthy just to get a deal done? >> we report, you decide. >> and then thousands take to the streets in egypt, protesting their president's power grab. and just face after president obama's administration praised him. are the policies to blame in the east. we'll talk about that coming up. >> first, check with david asman before i look at what's coming up at the top of the hour. >> good morning, from turkey to trouble. unions out in force, major strikes across america this busy holiday weekend. are their protests justified for another strike against the economy and giving thanks for handouts? one government agency promoting welfare give aways to new immigrants. can america afford this? federal workers have a message for congress when it returns to the fiscal cliff next week, layoff. they say they've already paid their debts, but have they? the cost of freedom at the top of the hour. we'll see you then. tends to . while a body in motion tends to stay in motion. staying active can actually ease arthritis sympto. but if
to avoid falling over the so-called $7 trillion fiscal cliff. it would have a combination of t defense cuts, expiration of the pay roll tax holiday, and cuts in unemployment benefits. all those things are considered. joining us now is alex. it's good to see you. >> good to see you, fredricka. >> before we get to that fiscal cliff, let's talk about one of the things they talk about, whether it's raising taxes, revenue, however you want to define it. republican senator saxby chandless of georgia broke ranks with grover norquist and his anti-tax pledge. he signed the pledge after he first ran in 2008. but here's what he told our cnn affiliate in macon, georgia, about his commitment thus far to that pledge. >> times have changed significantly, i care more about the country than i do about a 20-year-old pledge. i think we owe the debt and we got to figure out a way to pay it. >> and of course, that pledge creator, grover norquist, fired back on cnn "the situation room" just yesterday. >> the commitment he made to the people of georgia was not to me. it was a written commitment to the people of g
Search Results 0 to 27 of about 28 (some duplicates have been removed)